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Housing society can't shirk duty if house is rented: Maharashtra SCDRC

Publish on : 2023-05-12 12:14:49

"It is hereby declared that the opponent (society) has committed deficiency in service as well as unfair trade practice," Maharashtra State Consumer Disputes Redressal Commission said. MUMBAI: Observing that a housing society cannot shirk its responsibility of necessary maintenance only because t...

Builders closed 87 land deals totalling 1,862 acre in FY23: Anarock

Publish on : 2023-05-12 12:12:58

Of all deals closed in FY23, at least 76 accounting for about 1,059 acres were in seven major cities, and the remaining 11 deals accounting for 803 acres took place in Tier 2 and 3 cities including Ahmedabad, Kurukshetra, Lucknow, Nagpur, Panchkula, Panipat, Raigad and Surat. NEW DELHI: Real esta...

MahaRERA issues notices to 584 developers for non-update of quarterly information

Publish on : 2023-05-12 12:08:36

These are part of a total 746 new housing projects covering 50,288 apartments worth around Rs 22,449 crore that were registered with the regulator in January. The Maharashtra Real Estate Regulatory Authority (MahaRERA) has issued show-cause notices to over 584 promoters of housing projects that w...

Mumbai: Enforcement directorate lifts stay on 20 SRA projects under its lens

Publish on : 2023-04-24 12:31:29

Since developers carrying out these projects are under ED's probe for money laundering, following requests from the ED, to maintain status quo on these projects, the SRA had issued a stop work on these projects. MUMBAI: In a major boost for stuck Slum Rehabilitation Authority (SRA) projects, the ...

State must take punitive action against illegal sand mining: Bombay HC

Publish on : 2023-04-24 12:23:48

"Remedial steps are also required to be undertaken to prevent illegal sand mining, such as installation of barricades near bridges, to prevent erosion of banks of Julie Island," said the bench of acting Chief Justice S V Gangapurwala and Justice S V Marne in the order on March 23. MUMBAI: State a...

Aditya Birla Group company buys bungalow in Mumbai for Rs 220 crore

Publish on : 2023-04-24 12:21:40

The ground plus two-storey bungalow on Dahanukar Marg has a total constructed area of nearly 19,000 sq ft along with covered garages. The buyer has paid stamp duty of Rs 13.20 crore for the registration of the deal concluded on April 10. The Aditya Birla Group company B G H Properties has acquire...

Ajmera Realty's subsidiary buys land in Vikhroli, Mumbai for Rs 76 crore

Publish on : 2023-04-24 12:19:43

The land was bought from Tata Communications in a bidding process. The acquisition is intended for the residential development offering 1/2/3 BHK, with an estimated gross sales value of Rs 550 crore. NEW DELHI: Shree Yogi Realcon, a wholly-owned subsidiary of Ajmera Realty & Infra India (ARIIL),...

Redevelopment frenzy: Mega towers rising on mini plots in Mumbai

Publish on : 2023-04-24 12:17:02

With no consideration for light and ventilation, the problem has got further aggravated as the city’s new development plan allows even more floor space index (FSI) to raise taller buildings under various rehabilitation schemes. FSI defines how much can be built on a plot. MUMBAI: We all see massi...

Fidelity Group company leases over 6,150 sq ft office space in Mumbai

Publish on : 2023-04-24 12:14:42

The firm has leased over 6,150 sq ft of usable office space in the tower for five years. The agreement includes a clause to escalate rentals by 9.75% every two years. Fidelity Group’s global investment firm Eight Roads Investment Advisors has picked up a sea-view front office spread over an entir...

Mumbai: Residents of Patra Chawl to get rent arrears from 2018

Publish on : 2023-04-17 17:14:41

The earlier Maha Vikas Aghadi government had agreed to pay rent from March 2022 when Mhada took over redevelopment of the project. Residents, though, had persisted with their demand for rent arrears. MUMBAI: The state government has approved payment of rent arrears to 672 residents of Patra Chawl...